Overview

• Autonomous systems provider's Q4 revenue grew sharply, beating analyst expectations

• Company's revenue growth driven by OAS platform adoption and recent acquisitions

• Ondas strengthened balance sheet with $594.4 mln cash at year-end and $960 mln raised in January

Outlook

• Ondas raises 2026 revenue target to at least $375 mln, more than doubling prior outlook

• Company targets Q1 2026 revenue of $38-$40 mln, up 820% year-over-year

• Ondas expects Adjusted EBITDA losses to increase in Q1, but sees margins improving through 2026

Result Drivers

• OAS PLATFORM ADOPTION - Revenue growth driven by increased shipments of OAS products and services, including Iron Drone and Optimus, and strong customer adoption

• ACQUISITIONS - Strategic acquisitions in the second half of 2025 materially expanded capabilities and contributed to revenue and gross margin growth

• EXPANDING BACKLOG - Rapidly growing backlog and new customer wins provided clear visibility into continued revenue growth

Company press release: ID:nACS1WSwza

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)